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PENGARUH FREE CASH FLOW, PROFITABILITAS, DAN HUTANG TERHADAP DIVIDEN PAYOUT RATIO

Rosari, Aeni Febria (2012) PENGARUH FREE CASH FLOW, PROFITABILITAS, DAN HUTANG TERHADAP DIVIDEN PAYOUT RATIO. Other thesis, University of Muhammadiyah Malang.

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Abstract

The objective of the study was to provide empirical evidence about the effect of free cash flow, profitability, and leverage toward dividend policy. The population of this study was manufacture companies listed in Indonesia Stock Exchange in 2009-2010. The sampling technique used purposive sampling and the analysis method used was multiple regression. The result of this study proved that the profitability and leverage of a company affected the dividend policy. The bigger company profit was, the bigger dividend share was. A company which had profit stability could settle on dividend payment rate certainly and signal the quality of their profit. While, free cash flow had no effect toward dividend. The empirical examination results show that the leverage policy and institutional ownership are substitution mechanism for dividend policy in reducing conflict especially in investment policy. This research found that more higher the firm risk and investment policy will make dividend payment more larger. The result indicates that there are independence between dividend and investment policy.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economics > Department of Accounting (62201)
Depositing User: Halimatus Zahroh
Date Deposited: 14 Jan 2015 04:21
Last Modified: 14 Jan 2015 04:21
URI : http://eprints.umm.ac.id/id/eprint/14729

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